Toll-Road Operator Litrak
Has a Dubious First Day

Investors and analysts tracking the market debut of toll-road operator Litrack Holdings don't like what they are seeing.

On its first day of trading Thursday, Litrak dipped below its offer price to institutional investors of 5.10 ringgit ($2.02) per share to close at 5.05 ringgit. Its shares closed Friday at 5.25 ringgit.